That was not Bischoff's first bad idea that would not have worked and did not have any bearing whatsoever on WCW finishing.Time Warner pulled the plug and that is all there is to it.
As much as I don't care for kiss or stupid demon and gimmicks or harsh Evil subject storylines that were coming into WCW I much rather watch everything else then what's going on in the WWE today.
WCW was still interesting in that time and Bischoff would have learned from his mistakes as he always did and always carried out good responses to them.
Case & point the NWO to not continuing having Hogan face.
Genius.
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Everybody wants WCW back, people just don't like to admit it because they don't want to defend something that failed(in opinion).